Evolve Private Wealth LLC Acquires New Stake in NVR, Inc. $NVR

Evolve Private Wealth LLC bought a new position in shares of NVR, Inc. (NYSE:NVR) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 86 shares of the construction company’s stock, valued at approximately $586,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Clearstead Trust LLC acquired a new position in NVR in the 2nd quarter valued at about $27,000. DV Equities LLC purchased a new position in shares of NVR in the fourth quarter valued at approximately $29,000. Strive Financial Group LLC purchased a new position in shares of NVR in the fourth quarter valued at approximately $29,000. Trust Co. of Vermont acquired a new position in shares of NVR in the second quarter valued at approximately $34,000. Finally, Oakworth Capital Inc. acquired a new position in shares of NVR in the fourth quarter valued at approximately $36,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Price Performance

Shares of NYSE NVR opened at $6,400.46 on Tuesday. The stock’s 50-day simple moving average is $6,450.29 and its 200-day simple moving average is $6,598.36. The firm has a market capitalization of $17.03 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 10.63 and a beta of 0.91. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28.

NVR (NYSE:NVR) last issued its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the business posted $108.54 EPS. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. As a group, equities research analysts forecast that NVR, Inc. will post 367.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NVR shares. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Zacks Research upgraded NVR from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. Bank of America decreased their target price on NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a report on Monday, July 20th. Finally, Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7,224.20.

Insider Activity

In other news, Director George Oliver acquired 63 shares of the company’s stock in a transaction on Friday, August 7th. The shares were bought at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the acquisition, the director owned 63 shares in the company, valued at $405,185.13. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.60% of the company’s stock.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.